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An update from Altona Energy ( (GB:REE) ) is now available.
Altona Rare Earths Plc has raised £600,000 through the exercise of existing warrants to repay outstanding debt, following a previous successful fundraise. This move, along with the extension of a £500,000 debt facility with Catalyse Capital Limited, strengthens Altona’s financial position, allowing it to focus on advancing its projects in Africa. The company has also appointed Zeus Capital Limited as its corporate broker, enhancing its market presence. These developments are expected to improve Altona’s operational capabilities and long-term value creation for shareholders.
More about Altona Energy
Altona Rare Earths Plc is a London Main Market-listed exploration and development company focused on unlocking the value of critical raw materials across Africa. The company targets assets with potential for near-term monetisation and long-term growth. Its Monte Muambe Project in Mozambique hosts rare earths, fluorspar, and gallium mineralisation. Altona is advancing the rare earths project with the US Government as a potential strategic partner and is fast-tracking fluorspar development. The company also explores the Sesana Copper-Silver Project in Botswana, aligning with its growth strategy.
Average Trading Volume: 4,256,538
Technical Sentiment Signal: Sell
Current Market Cap: £4.01M
Find detailed analytics on REE stock on TipRanks’ Stock Analysis page.